quote:We would need to drink some coffee and you'd have to school me Iowa.

UNG 23 July puts are selling for $2.27. If you bought one put, you would have the right, but not the obligation to deliver 100 shares of UNG at $23 in July 2014. UNG is trading for about $23 today. You're betting UNG will be at about $20.70 in July. If it isn't, you lose about $235.84, predicated on the option expiring worthless in July. You could sell the option anytime between now and then if you want to limit the loss, or take a profit.

You'd have to make it to Las Vegas. Actually, if you could make it, the room and $120 per day in food are on the casino. I won't be going anywhere cold anytime soon. Get a cheap ticket and I'll buy you an espresso.

quote:You'd have to make it to Las Vegas. Actually, if you could make it, the room and $120 per day in food are on the casino. I won't be going anywhere cold anytime soon. Get a cheap ticket and I'll buy you an espresso.

I have to put people to sleep next Thursday.......but Tigerdroppings will do!

I bought July $23 puts. $24 puts are .71 higher. You would need an UNG share price of about .15 higher with these puts than the $23 puts. Not worth it to me. I need UNG at $20.51 in a worst case scenario. The $23 puts will be worth more than I bough them for long before the price gets to $20.51 if natty gas goes down in price over the summer months.